what is bitcoin and how does it work

you my digital apple. Bitcoins arent printed, like dollars or euros theyre produced by computers all bitcoin preis euro around the world, using free software. While several people have been identified as likely candidates to be Satoshi, as the creator is known in the world of Bitcoin, no one has been confirmed as the real Satoshi, and the search has gone. That was simple, right? Authored by Noelle Acheson. Every Bitcoin in existence was created through this method and initially given to a computer helping to maintain the records. A small number of new bitcoins trickle out every hour, and will continue to do so at a diminishing rate until a maximum of 21 million has been reached. 3 Pseudonymity, while senders of traditional electronic payments are usually identified (for verification purposes, and to comply with anti-money laundering and other legislation users of bitcoin in theory operate in semi-anonymity.

Guide: What is Bitcoin and how does Bitcoin work?
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What is a Bitcoin and how does Bitcoin work?
What Are Bitcoins and How Do They Work?

You cant cheat. 3) Because its a public ledger, I didnt need Uncle Tommy (third-party) to make sure I didnt cheat, or make extra copies for myself, or send apples twice, or thrice Within the system, the exchange of a digital apple is now just like the exchange of a physical one. The record of all Bitcoin transactions that these computers are constantly updating is known bitcoin woallet as the blockchain. How do you know that I didnt send that apple to Uncle Tommy as an email attachment first? This makes bitcoin more attractive as an asset in theory, if demand grows and the supply remains the same, the value will increase.